Can I retire at age 72 with 770,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$63,586$63,019$62,467$61,928$61,401$60,937
2 years$31,478$30,892$30,324$29,773$29,239$28,771
3 years$20,777$20,188$19,621$19,076$18,550$18,093
4 years$15,427$14,840$14,279$13,743$13,230$12,788
5 years$12,219$11,635$11,081$10,556$10,057$9,630
6 years$10,080$9,501$8,955$8,442$7,958$7,547
7 years$8,553$7,979$7,442$6,940$6,472$6,077
8 years$7,408$6,839$6,311$5,822$5,369$4,991
9 years$6,519$5,955$5,436$4,959$4,522$4,159
10 years$5,807$5,249$4,739$4,275$3,853$3,506
11 years$5,225$4,673$4,172$3,720$3,313$2,983
12 years$4,741$4,194$3,703$3,263$2,871$2,556
13 years$4,331$3,790$3,308$2,881$2,504$2,203
14 years$3,981$3,445$2,972$2,557$2,195$1,909
15 years$3,677$3,147$2,684$2,281$1,933$1,661
16 years$3,411$2,888$2,433$2,042$1,708$1,450
17 years$3,177$2,659$2,214$1,835$1,514$1,270
18 years$2,970$2,457$2,021$1,654$1,347$1,115
19 years$2,784$2,277$1,850$1,494$1,200$982
20 years$2,617$2,116$1,698$1,353$1,072$866
21 years$2,466$1,971$1,562$1,228$959$764
22 years$2,329$1,840$1,440$1,117$860$676
23 years$2,204$1,721$1,329$1,017$772$599
24 years$2,090$1,612$1,229$928$694$531
25 years$1,985$1,513$1,139$847$624$471
26 years$1,888$1,422$1,056$775$562$419
27 years$1,799$1,338$981$709$507$372
28 years$1,716$1,261$912$650$457$331
29 years$1,639$1,190$848$596$413$295
30 years$1,567$1,124$790$547$373$262
31 years$1,500$1,062$737$502$337$234
32 years$1,438$1,005$687$461$305$208
33 years$1,379$952$642$424$276$186
34 years$1,324$902$600$390$250$166
35 years$1,272$856$561$359$227$148
36 years$1,223$812$524$331$205$132
37 years$1,177$771$491$305$186$118
38 years$1,133$733$460$281$169$105
39 years$1,092$697$431$259$153$94
40 years$1,053$663$404$239$139$84
41 years$1,016$631$378$221$126$75
42 years$980$601$355$204$114$67
43 years$947$573$333$188$104$60
44 years$915$546$313$173$94$54
45 years$884$521$294$160$85$48
46 years$855$497$276$148$78$43
47 years$828$474$259$137$70$38
48 years$801$453$243$126$64$34
49 years$776$432$229$117$58$31
50 years$752$413$215$108$53$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $770,000, adding $4,155 every year, while hoping to spend $36,512 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 56/30/14 Blend
71$770,000$770,000$770,000$770,000
72$852,826$812,016$800,081$897,273
73$900,966$812,956$788,035$928,834
74$952,792$812,719$774,362$958,858
75$1,008,642$811,208$758,969$990,718
76$1,068,887$808,320$741,758$1,024,597
77$1,133,934$803,948$722,627$1,060,698
78$1,204,230$797,977$701,470$1,099,245
79$1,280,268$790,284$678,175$1,140,487
80$1,362,587$780,740$652,626$1,184,700
81$1,451,783$769,208$624,701$1,232,191
82$1,548,508$755,542$594,272$1,283,299
83$1,653,482$739,589$561,205$1,338,399
84$1,767,494$721,186$525,363$1,397,908
85$1,891,413$700,160$486,598$1,462,288
86$2,026,198$676,328$444,759$1,532,048
87$2,172,899$649,496$399,687$1,607,755
88$2,332,674$619,461$351,216$1,690,035
89$2,506,798$586,006$299,173$1,779,580
90$2,696,672$548,901$243,376$1,877,159
91$2,903,840$507,905$183,637$1,983,621
92$3,130,001$462,762$119,758$2,099,903
93$3,377,025$413,200$51,533$2,227,047
94$3,646,969$358,935$0$2,366,200
95$3,942,100$299,663$0$2,521,812
96$4,264,914$235,066$0$2,700,534
97$4,618,157$164,806$0$2,896,246
98$5,004,855$88,528$0$3,110,705
99$5,428,340$5,855$0$3,345,847
100$5,892,278$0$0$3,603,811